10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-671793`
Period End Date	20160630
Filing Date	20160804
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	lope-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 72 Cash Flow Statement 83 Stockholders Equity 14 Comprehensive Income 24

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.55M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash, cash equivalents and investments	`RestrictedCashAndInvestmentsCurrent`	$70.84M	USD	Point-in-time
Restricted cash, cash equivalents and investments	`RestrictedCashAndInvestmentsCurrent`	$75.38M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$83.36M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$49.44M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$9.08M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$8.49M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.95M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.29M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.05M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.13M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.81M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.86M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$200.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$214.90M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.92M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$667.48M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$794.04M	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$3.21M	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$3.35M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.31M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.56M	USD	Point-in-time
Total assets	`Assets`	$1.00B	USD	Point-in-time
Total assets	`Assets`	$891.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$34.15M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$26.82M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$17.89M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$16.89M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.85M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$50.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$29.00K	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$76.74M	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$70.86M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$47.22M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$37.88M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$675.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$183.00K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$697.00K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$160.00K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$31.63M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$6.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$233.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$188.53M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$340.00K	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$788.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$3.77M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$4.30M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$17.52M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$14.86M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$73.25M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$69.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$281.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$324.67M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at June 30, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at June 30, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 51,055 and 50,288 shares issued and 47,133 and 46,877 shares outstanding at June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$511.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 51,055 and 50,288 shares issued and 47,133 and 46,877 shares outstanding at June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$503.00K	USD	Point-in-time
Treasury stock, at cost, 3,922 and 3,411 shares of common stock at June 30, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$69.33M	USD	Point-in-time
Treasury stock, at cost, 3,922 and 3,411 shares of common stock at June 30, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$88.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$177.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$195.32M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-678.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-489.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$502.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$573.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$680.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$610.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$891.98M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.00B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Admissions advisory and related expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$272.00K	USD	1 Quarter
Admissions advisory and related expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$566.00K	USD	2 Qtrs
Admissions advisory and related expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$994.00K	USD	2 Qtrs
Admissions advisory and related expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$489.00K	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$191.28M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$174.73M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$418.24M	USD	2 Qtrs
Net revenue	`SalesRevenueNet`	$368.85M	USD	2 Qtrs
Instructional costs and services	`InstructionalCostsAndServices`	$84.60M	USD	1 Quarter
Instructional costs and services	`InstructionalCostsAndServices`	$179.25M	USD	2 Qtrs
Instructional costs and services	`InstructionalCostsAndServices`	$154.04M	USD	2 Qtrs
Instructional costs and services	`InstructionalCostsAndServices`	$75.36M	USD	1 Quarter
Admissions advisory and related, including $272 and $489 for the three months ended June 30, 2016 and 2015, respectively, and $566 and $994 for the six months ended June 30, 2016 and 2015, respectively, to related parties	`AdmissionsAdvisoryAndRelatedExpenses`	$27.37M	USD	1 Quarter
Admissions advisory and related, including $272 and $489 for the three months ended June 30, 2016 and 2015, respectively, and $566 and $994 for the six months ended June 30, 2016 and 2015, respectively, to related parties	`AdmissionsAdvisoryAndRelatedExpenses`	$55.70M	USD	2 Qtrs
Admissions advisory and related, including $272 and $489 for the three months ended June 30, 2016 and 2015, respectively, and $566 and $994 for the six months ended June 30, 2016 and 2015, respectively, to related parties	`AdmissionsAdvisoryAndRelatedExpenses`	$58.41M	USD	2 Qtrs
Admissions advisory and related, including $272 and $489 for the three months ended June 30, 2016 and 2015, respectively, and $566 and $994 for the six months ended June 30, 2016 and 2015, respectively, to related parties	`AdmissionsAdvisoryAndRelatedExpenses`	$28.87M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$18.42M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$22.15M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$38.45M	USD	2 Qtrs
Advertising	`AdvertisingExpense`	$43.26M	USD	2 Qtrs
Marketing and promotional	`MarketingExpense`	$4.35M	USD	2 Qtrs
Marketing and promotional	`MarketingExpense`	$3.48M	USD	2 Qtrs
Marketing and promotional	`MarketingExpense`	$1.79M	USD	1 Quarter
Marketing and promotional	`MarketingExpense`	$2.11M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$18.93M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.53M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.81M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$19.53M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$146.53M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$304.80M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$132.47M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$270.61M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$44.75M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$113.44M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$98.24M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$42.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$521.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$146.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$158.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$487.00K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncomeExpenseNonoperating`	$384.00K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncomeExpenseNonoperating`	$127.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncomeExpenseNonoperating`	$2.34M	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncomeExpenseNonoperating`	$293.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$115.29M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$98.11M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.24M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$44.88M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$44.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$38.15M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$16.46M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.95M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$25.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.29M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$27.63M	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.60	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$1.56	USD	2 Qtrs
Basic income per share	`EarningsPerShareBasic`	$1.31	USD	2 Qtrs
Basic income per share	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$1.27	USD	2 Qtrs
Diluted income per share	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$1.52	USD	2 Qtrs
Diluted income per share	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	46.00M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	45.90M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	46.01M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	45.81M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.23M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.26M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.99M	shares	1 Quarter

Cash Flow Statement 83 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$59.95M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$25.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.29M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$27.63M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$5.51M	USD	2 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$5.83M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$3.36M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$5.48M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$7.96M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$7.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$16.39M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$21.25M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$2.48M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-1.08M	USD	2 Qtrs
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$1.68M	USD	2 Qtrs
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$-872.00K	USD	2 Qtrs
Restricted cash, cash equivalents and investments	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-4.14M	USD	2 Qtrs
Restricted cash, cash equivalents and investments	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-4.54M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.96M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.74M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.37M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.72M	USD	2 Qtrs
Due to/from related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-492.00K	USD	2 Qtrs
Due to/from related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-2.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-2.39M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-1.08M	USD	2 Qtrs
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$11.97M	USD	2 Qtrs
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$422.00K	USD	2 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$835.00K	USD	2 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.21M	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredRent`	$-535.00K	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredRent`	$-560.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$5.54M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$9.34M	USD	2 Qtrs
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-4.69M	USD	2 Qtrs
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-5.88M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$114.02M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$81.67M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$106.35M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$115.61M	USD	2 Qtrs
Purchases of land, building and golf course improvements related to off-site development	`PurchaseOfLandRelatedToOffsiteDevelopment`	$24.77M	USD	2 Qtrs
Purchases of land, building and golf course improvements related to off-site development	`PurchaseOfLandRelatedToOffsiteDevelopment`	$5.56M	USD	2 Qtrs
Proceeds received from note receivable	`ProceedsFromSaleOfNotesReceivable`	$501.00K	USD	2 Qtrs
Return of equity method investment	`ProceedsFromSaleOfEquityMethodInvestments`	$1.75M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$25.02M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$26.02M	USD	2 Qtrs
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$57.45M	USD	2 Qtrs
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$42.27M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-106.71M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-94.65M	USD	2 Qtrs
Principal payments on notes payable and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$3.83M	USD	2 Qtrs
Principal payments on notes payable and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$3.37M	USD	2 Qtrs
Proceeds from draw on revolving line of credit	`ProceedsFromLinesOfCredit`	$25.00M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$194.00K	USD	2 Qtrs
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$4.23M	USD	2 Qtrs
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$19.23M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$5.48M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.36M	USD	2 Qtrs
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.70M	USD	2 Qtrs
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.97M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.54M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$14.20M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.52M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.53M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.71M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.24M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.04M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.55M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.71M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.24M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.04M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.55M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$534.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$481.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$39.99M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$40.18M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$20.62M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$19.80M	USD	2 Qtrs
Purchases of equipment through capital lease obligations	`AssetsAcquiredByCapitalLease`	$257.00K	USD	2 Qtrs
Tax benefit of Spirit warrant intangible	`TaxBenefitOfSpiritWarrantIntangible`	$127.00K	USD	2 Qtrs
Tax benefit of Spirit warrant intangible	`TaxBenefitOfSpiritWarrantIntangible`	$129.00K	USD	2 Qtrs
Shortfall tax expense from share-based compensation	`ShortfallTaxExpenseFromShareBasedCompensation`	$18.00K	USD	2 Qtrs
Shortfall tax expense from share-based compensation	`ShortfallTaxExpenseFromShareBasedCompensation`	$257.00K	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$680.28M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$610.25M	USD	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.64M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$71.10M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$59.67M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$25.73M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$14.59M	USD	2 Qtrs
Restricted shares forfeited	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	2 Qtrs
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.19M	USD	2 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.97M	USD	2 Qtrs
Exercise of stock options, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	493,000.00	shares	2 Qtrs
Excess tax benefits	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$5.35M	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$680.28M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$610.25M	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Unrealized gains (losses) on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$59.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.95M	USD	2 Qtrs
Unrealized gains (losses) on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-67.00K	USD	2 Qtrs
Unrealized gains (losses) on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$83.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$25.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.29M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$27.63M	USD	1 Quarter
Unrealized gains (losses) on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-70.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-113.00K	USD	2 Qtrs
Unrealized gains (losses) on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-201.00K	USD	2 Qtrs
Unrealized gains (losses) on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$40.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-53.00K	USD	1 Quarter
Unrealized gains (losses) on available-for-sale securities, net of taxes of $59 and $70 for the three months ended June 30, 2016 and 2015, respectively, and $83 and $67 for the six months ended June 30, 2016 and 2015, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$136.00K	USD	2 Qtrs
Unrealized gains (losses) on available-for-sale securities, net of taxes of $59 and $70 for the three months ended June 30, 2016 and 2015, respectively, and $83 and $67 for the six months ended June 30, 2016 and 2015, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-110.00K	USD	1 Quarter
Unrealized gains (losses) on available-for-sale securities, net of taxes of $59 and $70 for the three months ended June 30, 2016 and 2015, respectively, and $83 and $67 for the six months ended June 30, 2016 and 2015, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-105.00K	USD	2 Qtrs
Unrealized gains (losses) on available-for-sale securities, net of taxes of $59 and $70 for the three months ended June 30, 2016 and 2015, respectively, and $83 and $67 for the six months ended June 30, 2016 and 2015, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$97.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, net of taxes of $53 and $40 for the three months ended June 30, 2016 and 2015, respectively, and $201 and $113 for the six months ended June 30, 2016 and 2015, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-325.00K	USD	2 Qtrs
Unrealized gains (losses) on hedging derivatives, net of taxes of $53 and $40 for the three months ended June 30, 2016 and 2015, respectively, and $201 and $113 for the six months ended June 30, 2016 and 2015, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-87.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, net of taxes of $53 and $40 for the three months ended June 30, 2016 and 2015, respectively, and $201 and $113 for the six months ended June 30, 2016 and 2015, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$64.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, net of taxes of $53 and $40 for the three months ended June 30, 2016 and 2015, respectively, and $201 and $113 for the six months ended June 30, 2016 and 2015, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-175.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.64M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$71.10M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$59.67M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$25.73M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.